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Ondas Holdings Wins Major Government Drone Contract, But Stock Still Falls

MarketDash Editorial Team
4 days ago
Ondas Holdings scored a significant government contract to develop a border-protection drone system, sending shares higher initially. But the gains didn't last, and the stock gave back all its early session momentum despite the major win.

Sometimes good news just isn't good enough. Ondas Holdings Inc. (ONDS) announced a major government contract win on Wednesday, and shares initially jumped on the news. Then reality set in, and the stock gave back all those gains and then some.

The Big Win

Ondas Autonomous Systems (OAS), a business unit of Ondas Holdings, landed a prime contractor role for a significant development and commercialization program with an undisclosed major governmental entity. The company expects to receive the initial purchase order in January, kicking off a multi-phase program that will run for the next two years.

The scope is ambitious. OAS will architect, develop and integrate a full-scale drone-based autonomous border-protection system designed to operate across both fixed and mobile environments. The multi-phase program will ultimately deploy thousands of autonomous drones to provide persistent intelligence, surveillance and reconnaissance, swarm-based response and automated threat mitigation.

"This award is a strong validation of Ondas' leadership in autonomous security technologies and our increasing role as a defense prime contractor," said Eric Brock, CEO of Ondas.

Oshri Lugassy, Co-CEO of OAS, added: "Being selected as prime contractor for such a strategic national program underscores the maturity of our technology, our operational experience, and our ability to integrate multiple effectors and sensors into a cohesive autonomous security architecture."

The Market's Verdict

Despite the contract win, shares couldn't hold onto their early momentum. The stock is currently trading approximately 0.8% below its 50-day moving average, suggesting a short-term bearish trend. However, it remains significantly above its 200-day moving average, indicating longer-term bullish sentiment despite the recent pullback.

While the stock is positioned well above its long-term moving average, the recent decline below the 50-day moving average raises concerns about immediate price action.

Ondas shares were down 4.41%, trading at $7.71 at the time of publication on Wednesday.

Back to News

Ondas Holdings Wins Major Government Drone Contract, But Stock Still Falls

MarketDash Editorial Team
4 days ago
Ondas Holdings scored a significant government contract to develop a border-protection drone system, sending shares higher initially. But the gains didn't last, and the stock gave back all its early session momentum despite the major win.

Sometimes good news just isn't good enough. Ondas Holdings Inc. (ONDS) announced a major government contract win on Wednesday, and shares initially jumped on the news. Then reality set in, and the stock gave back all those gains and then some.

The Big Win

Ondas Autonomous Systems (OAS), a business unit of Ondas Holdings, landed a prime contractor role for a significant development and commercialization program with an undisclosed major governmental entity. The company expects to receive the initial purchase order in January, kicking off a multi-phase program that will run for the next two years.

The scope is ambitious. OAS will architect, develop and integrate a full-scale drone-based autonomous border-protection system designed to operate across both fixed and mobile environments. The multi-phase program will ultimately deploy thousands of autonomous drones to provide persistent intelligence, surveillance and reconnaissance, swarm-based response and automated threat mitigation.

"This award is a strong validation of Ondas' leadership in autonomous security technologies and our increasing role as a defense prime contractor," said Eric Brock, CEO of Ondas.

Oshri Lugassy, Co-CEO of OAS, added: "Being selected as prime contractor for such a strategic national program underscores the maturity of our technology, our operational experience, and our ability to integrate multiple effectors and sensors into a cohesive autonomous security architecture."

The Market's Verdict

Despite the contract win, shares couldn't hold onto their early momentum. The stock is currently trading approximately 0.8% below its 50-day moving average, suggesting a short-term bearish trend. However, it remains significantly above its 200-day moving average, indicating longer-term bullish sentiment despite the recent pullback.

While the stock is positioned well above its long-term moving average, the recent decline below the 50-day moving average raises concerns about immediate price action.

Ondas shares were down 4.41%, trading at $7.71 at the time of publication on Wednesday.

    Ondas Holdings Wins Major Government Drone Contract, But Stock Still Falls - MarketDash News